Chris@CNW, Author at CannabisNewsWire

TuesdayFeb 27, 2024 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Closing of $3.6 Million Registered Direct Offering

Lexaria, a global innovator in drug delivery platforms, just announced $3.6 million in gross proceeds from its registered direct offering priced at the market The proceeds will go to critical R&D studies, patent, and legal costs, as well as general working capital purposes This is timely, given Lexaria’s resolve to double down on GLP-1 investigations for the 2024 calendar year Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently announced that the registered direct offering for the purchase and sale of 1,558,443 shares of common stock at a purchase price of $2.31 – at the market under…

MondayFeb 26, 2024 4:20 pm

420 with CNW – Legal Opinion Asserts That Rescheduling Cannabis Won’t Violate US International Obligations

A recent legal opinion has challenged the U.S. Drug Enforcement Administration’s (“DEA”) stance, suggesting that international treaties related to drugs should not hinder cannabis rescheduling as recommended by the U.S. Department of Health and Human Services (“HHS”). According to the opinion, doing so would be more in line with the country’s duties under international legislation to regulate marijuana in a manner that safeguards public safety and health. Prepared by lawyers from Vicente LLP and Porter Wright LLP firms, the opinion aims to counter the DEA’s assertion in 2016, when it denied a previous request for a cannabis rescheduling. At the…

MondayFeb 26, 2024 11:45 am

First Marijuana Consumption Lounge in Nevada Set to Open by Month’s End

Earlier this month, the Nevada Cannabis Control Board announced that it had awarded its first marijuana consumption lounge license. This announcement comes after the board approved a handful of these licenses over the last couple months. The first to receive a lounge license was Thrive Cannabis Marketplace. Mitch Britten, CEO and managing partner of Thrive, stated that the company was honored to be at the forefront of the marijuana industry in Nevada through the official launch of the first regulated marijuana lounge in the state. Britten revealed that the company had created a unique destination for marijuana enthusiasts to enjoy…

FridayFeb 23, 2024 4:20 pm

420 with CNW – Medical Cannabis Could Be Legalized in Spain, But Not Everyone Is Thrilled

Spain is making strides toward legalizing marijuana for medical use, with the Health Ministry initiating the introduction of new legislation to sanction its therapeutic application across various conditions. Reports from the Spanish media indicate that the proposed law is currently undergoing a phase of consultation and discussion. Residents, professionals and experts are asked to contact the ministry via email during this period to express their views on the subject. Recently, Spain health secretary Javier Padilla had talks with scientific societies and professional associations after holding conversations with the EU Observatory of Marijuana Consumption and Cultivation. Further consultations are planned with…

FridayFeb 23, 2024 9:45 am

New Poll Finds 7 in 10 Nebraskans Want Medical Marijuana Legalized

A new poll has found that 70% of individuals in Nebraska are in favor of medical cannabis being legalized. The survey, carried out by Neilan Strategy Group, also found that the majority of the respondents would like a new alternative to income, sales and property taxes to be approved. These findings are much like those of another poll, which determined that 80% of registered voters in the state favored marijuana legalization. Neilan Strategy Group founder Perre Neilan stated that from the results it was clear that Nebraskans were ready to legalize cannabis. This sentiment was echoed by Crista Eggers of…

ThursdayFeb 22, 2024 4:20 pm

420 with CNW – Prohibitionist States See Nearly Double Search Traffic for Delta-8 THC as Legal States

A recent study on the online search behavior concerning delta-8 THC says that the cannabinoid seems to be substantially more common in states where cannabis is still prohibited, based on information obtained from Google Trends. According to an analysis by CBD Nationwide, delta-8 THC online searches were almost twice as common in states where recreational marijuana is still illegal. This indicates that there has been a notable movement toward other cannabinoids in reaction to marijuana prohibitions. A contributing factor to the popularity of delta-8 in these states is its extensive availability, both online and in physical stores such as gas…

WednesdayFeb 21, 2024 4:20 pm

420 with CNW – Experts Say Marijuana Potency Has Dramatically Increased Over the Years

There has been a significant growth in both the THC potency and range of cannabis products in recent decades, according to recent research by the University of Mississippi’s School of Pharmacy. The study, conducted through the university’s Natural Center for Natural Products Research, involved testing marijuana samples seized in federal raids during the last 50 years. The findings reveal a significant increase in potency, with modern cannabis flower being 57%–67% stronger compared to those from the 1970s. Since legalization in most states, such as Michigan, the cannabis market has undergone strict regulation and has expanded to provide users with even…

WednesdayFeb 21, 2024 10:30 am

Virginia’s Assembly, Senate Pass Differing Cannabis Sales Bills

The Senate and House in Virginia recently approved marijuana resolutions that would legalize retail cannabis sales in the commonwealth. Both resolutions would establish legal, regulated cannabis sales starting 2025, though considerable differences remain in terms of licensing, timing, criminal penalties, social equity, taxes and whether growers would be allowed to grow marijuana outdoors. The house measure’s sponsor, Delegate Paul Krizek, stated ahead of the second reading that the time had come for Virginia’s illegal marijuana market to have competition from tested, safe and taxed products. The possession, use and limited cultivation of marijuana by adults in Virginia is legal, following…

TuesdayFeb 20, 2024 4:20 pm

420 with CNW — Navy Expands Cannabis Waiver as Recruitment Nosedives

The Navy is changing its policy for recruits who test positive for cannabis upon arriving at boot camp, choosing to grant waivers rather than dismiss them outright in light of the continuous difficulties the United States military faces in recruiting. Head of the Navy’s personnel policy and plans unit, Rear Admiral James Waters, explained that if a recruit tests positive for cannabis and admits to using it, an assessment is done to make sure there are no underlying problems. The adaptation aims to align with social laws and provide an opportunity for young people to acclimate to the Navy’s culture…

TuesdayFeb 20, 2024 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Doubles Down on GLP-1 Clinical Studies for 2024; Terms 2023 as its Most Successful and Active Year of R&D

Lexaria, a global innovator in drug delivery platforms to enhance bioavailability, announced recently that it will focus on GLP-1 applications for diabetes and weight loss for the 2024 calendar year Chris Bunka, Lexaria’s CEO, has expressed his confidence in the company’s direction, reiterating the intention to demonstrate the superior performance of GLP-1 drugs processed with its patented DehydraTECH(TM) technology The company looks to build on the success of the early-stage results achieved in 2023, and looks to embark on two human pilot studies, a multi-arm 12-week animal chronic study, a human chronic weight-loss and diabetes study, as well as a…